Welcome to this remarkable Bungalow mobiletrailer located in the coveted neighborhood of South Bruce. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $275,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Set on a spacious 100 x 165 lot thats backing onto open farmland, this property is full of opportunity. The existing 940 sq. ft. home, originally a mobile with updates over the years, makes an affordable starter or project property. Looking for more? The oversized lot gives you the option to build your dream home, or even a semi-detached home, where you can live in one unit and rent the other to help with costs. Conveniently located in the village of Formosa, just 10 minutes to Walkerton & Mildmay, and 30 minutes to Bruce Power & Lake Huron.
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This mobiletrailer located at 290 Concession 12 Road, South Bruce is currently for sale and has been available on SousaSells for 320 days. This property is listed at $275,000 with an estimated mortgage of $915* per month. It has 3 beds, 1 bathroom, and is 700-1100 square feet. 290 Concession 12 Road, South Bruce is in the South Bruce neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Water Heater Owned
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 290 Concession 12 Road, South Bruce, ON N0G 1W0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in South Bruce.
About Purchasing a Home in South Bruce, ON
For a property listed at $275,000 in South Bruce, the legal minimum down payment is $13,750 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $2,600 for this transaction. As this listing is in South Bruce (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,600.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.